PetroVR’s Decline Analysis Module provides users with secure access to type curves, well profiles and production forecasts with a full history of any changes made.
It provides users with a powerful multi-segment decline curve analysis engine capable of a full range of pure and modified decline forecasts.
PetroVR’s Decline Analysis Module leverages PlanningSpace to consistently deliver production forecasts wherever and whenever they are needed. With purpose built data management, questions of whether this is the best or most up to date forecast are eliminated, and wasted time searching for or requesting updated forecasts are a thing of the past. Through its integration with PlanningSpace, our Decline Analysis Module provides a central location for decline curve analysis with auto-forecast capabilities that eliminates bias using an iterative gaussian error detection methodology for Arps, Duong, and Stretched exponential segments.